NEW YORK -- Sears Holdings Corp. is launching a
program at its namesake department stores that will allow financially
strapped shoppers unable to quality for credit to lease electronics,
home appliances, furniture and mattresses.

The program, which was
tested last September in 10 stores, is being rolled out to all 900
stores starting this week. Sears is launching the program with leasing
service WhyNotLeaseIt.

To qualify for the program, a candidate
must be 18 years old, earn a minimum of $1,000 a month and have a Social
Security or tax identification number when applying. Customers make the
first lease payment at the stores.

The program comes as the
Hoffman Estates, Ill.-based retailer, which also operates Kmart, is
trying to turn itself around after years of weak sales.

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